Daido Group Limited announced that with effect from 22 February 2024, Mr. Fung Pak Kei ("Mr. Fung") who is an Executive Director and the chief operating officer ("COO") of the Group, has been appointed and re-designated from COO to chief executive officer of the Group ("CEO"). Save for the redesignation, there will be no change to Mr. Fung's other offices in the Group. Mr. Fung, aged 41, has been appointed as Executive Director of the Company in June 2019.

Subsequently, Mr. Fung has been appointed as COO of the Group. He has also served as a director of certain subsidiaries of the Company. Mr. Fung is a member of Hong Kong Institute of Certified Public Accountants since 2008 and a member of Hong Kong Institute of Taxation since 2012.

He holds Bachelor of Commerce and Bachelor of Arts (Asian Studies) from the University of Queensland and was admitted to the Golden Key International Honour Society in 2000. Mr. Fung was also awarded a scholarship to Hitotsubashi University in Japan and completed a Brand Marketing and a Japanese program in 2002. He worked at PwC from 2005 to 2017 and focused on merger & acquisition and tax planning and was involved in various international /regional business advisory projects.

Mr. Fung has years of experience in the cold chain solution industry including running a cold storage business, developing a cold storage facility and innovating a brand-new cold chain business model. Save as disclosed above, Mr. Fung did not hold any positions with the Company and other members of the Group.